NRDY

MKT CAP:$114M

Nerdy, Inc.

Market Cap

$114M

Technology·Software - Application·🇺🇸 United States·NYSE

Technology·Software App·🇺🇸·NYSE

Stock Price

$0.93-$0.09 (-8.98%)

Apr 22, 2026

Company Details

Nerdy, Inc. operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including AI, to connect learners of various ages to experts, delivering value on both sides of the network. Its ...

CEO

Charles Cohn

IPO Date

Nov 27, 2020

Website

www.nerdy.com

Key Metrics TTM

Revenue

$179M

+55.2% YoY

Net Income

-$26M

EPS (Diluted)

-$0.33

Free Cash Flow

-$30M

Revenue / Share

$1.63

Gross Margin

66.9%

Operating Margin

-31.2%

Net Margin

-14.3%

FCF Margin

-16.8%

P/S

0.6x

P/E

—

Earnings Reports

Q3 2024

May 14, 2026

PENDING

Q2 2024

Aug 8, 2024

$51MEPS -$0.08

Q1 2024

May 7, 2024

$54MEPS -$0.07

FY 2023

Feb 27, 2024

$193MEPS -$0.41

Q4 2022

Feb 28, 2023

$42MEPS -$0.17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$22M	$14M	-$3M
Q3 20	$26M	$18M	-$5M
Q4 20	$33M	$23M	-$3M
Q1 21	$35M	$23M	-$4M
Q2 21	$33M	$21M	-$7M
Q4 22	$42M	$29M	-$20M
Q1 24	$54M	$36M	-$13M
Q2 24	$51M	$33M	-$15M

Valuation

Quarter	P/S	P/E
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	1.0x	—
Q2 21	0.9x	—
Q4 22	0.8x	—
Q1 24	0.7x	—
Q2 24	0.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	-$3M	-$3M
Q3 20	$3M	$2M
Q4 20	-$2M	-$3M
Q1 21	-$2M	-$3M
Q2 21	-$8M	-$10M
Q4 22	-$15M	-$16M
Q1 24	$4M	$2M
Q2 24	-$6M	-$7M

Capital Expenditures

Quarter	CapEx
Q2 20	$618.0K
Q3 20	$683.0K
Q4 20	$872.0K
Q1 21	$848.0K
Q2 21	$1M
Q4 22	$978.0K
Q1 24	$2M
Q2 24	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+52.0%	+64.7%
Q4 22	+58.4%	+97.4%
Q1 24	+62.8%	+84.3%
Q2 24	+47.5%	+69.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$394.0K	1.8%
Q3 20	$445.0K	1.7%
Q4 20	$495.0K	1.5%
Q1 21	$502.0K	1.5%
Q2 21	$502.0K	1.5%
Q4 22	$0	0.0%
Q1 24	$11M	20.7%
Q2 24	$11M	22.2%

OpEx Breakdown

Quarter	G&A	S&M
Q2 20	$9M	$7M
Q3 20	$10M	$13M
Q4 20	$13M	$13M
Q1 21	$13M	$15M
Q2 21	$15M	$14M
Q4 22	$33M	$17M
Q1 24	$32M	$17M
Q2 24	$33M	$16M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 20	—	-13.2%	—
Q3 20	—	-17.9%	—
Q4 20	—	-6.8%	—
Q1 21	—	-8.3%	—
Q2 21	52.0%	-17.8%	34.2
Q4 22	58.4%	-44.8%	13.5
Q1 24	62.8%	-20.6%	42.2
Q2 24	47.5%	-26.2%	21.3

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$142M	$0	$142M
Q2 22	$121M	$0	$121M
Q3 22	$106M	$0	$106M
Q4 22	$91M	$0	$91M
Q1 23	$97M	$0	$97M
Q2 23	$91M	$0	$91M
Q3 23	$84M	$0	$84M
Q4 23	$75M	$0	$75M
Q1 24	$77M	$0	$77M
Q2 24	$70M	$0	$70M
Q3 24	$65M	$0	$65M
Q4 24	$53M	$0	$53M
Q1 25	$45M	$0	$45M
Q2 25	$37M	$0	$37M
Q3 25	$33M	$0	$33M
Q4 25	$48M	$0	$48M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	84M	—	—
Q3 20	84M	0.0%	—
Q4 20	84M	0.0%	—
Q1 21	84M	0.0%	—
Q2 21	84M	0.0%	0.0%
Q4 22	90M	+6.9%	+6.9%
Q1 24	108M	+20.4%	+28.7%
Q2 24	110M	+1.8%	+31.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 20	—	—
Q3 20	—	—
Q4 20	$11M	3
Q1 21	$12M	3
Q2 21	$11M	3
Q4 22	$59.7K	700
Q1 24	$107.5K	500
Q2 24	$102.0K	500

Revenue / Employee